BALTIMORE, May 21, 2019 /PRNewswire-PRWeb/ -- A rare 1966 Grateful Dead Skeleton and Roses concert poster realized a world record price of $56,400 in an auction held May 16, 2019 by Psychedelic Art Exchange. The concert poster was independently authenticated and graded by Certified Guaranty Company (CGC) as 9.8 on a scale of 10, and generated bids from collectors around the world.
"The interest this poster received was simply staggering,," stated Scott Tilson, of Psychedelic Art Exchange. " The record price was the result of a perfect storm …the most iconic image of a beloved band, in the finest CGC graded condition ever to appear at public auction. Many collectors believe 1960's concert posters represent a tremendous bargain at today's price levels."
The auction featured 200 vintage concert posters and handbills that had been independently certified by CGC, the world's leader in third party authentication of collectibles. The auction had a 100% sell through, a very rare occurrence for any collectibles auction.
Other highlights of the auction included:
Jimi Hendrix Fillmore East AOR 2.90 concert poster CGC graded 8.5, sold for $7,800.
Grateful Dead Carousel Ballroom concert poster CGC graded 9.8 sold for $3,300.
Bo Diddley Avalon Ballroom concert Poster CGC graded 9.8 sold for $3,900.
"These record prices are the result of independent third party authentication and grading by CGC," added Tilson. "Collectors can bid with confidence, knowing they are receiving exactly what they bargained for. It's really led to a massive expansion in the number of collectors participating in this marketplace. "
Psychedelic Art Exchange has published a free collector's guide, Insider Secrets of the Vintage Concert Poster Market. To get the report, visit ConcertPosterGallery.com
SOURCE Psychedelic Art Exchange
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